Trump’s Trade

From Trump’s website:

America has always been a trading nation. Under the Trump administration trade will flourish. However, for free trade to bring prosperity to America, it must also be fair trade. Our goal is not protectionism but accountability. America fully opened its markets to China but China has not reciprocated. Its Great Wall of Protectionism uses unlawful tariff and non-tariff barriers to keep American companies out of China and to tilt the playing field in their favor.

If you give American workers a level playing field, they will win. At its heart, this plan is a negotiating strategy to bring fairness to our trade with China. The results will be huge for American businesses and workers. Jobs and factories will stop moving offshore and instead stay here at home. The economy will boom.

 

His plan for “leveling the playing field” follows (click the link for more info).

A couple of interesting points I note from his plan: He complains about China being a “currency manipulator”, and further complains about China subsidizing its exports.

In other words, he’s mad that the Chinese are pursuing the (false) path of economic nationalism that he himself favors for the U.S.

I do like his idea of reducing the corporate tax rate to 15%. The corporate tax rate should be 0%, because corporations don’t actually pay taxes–the money that corporations send to Washington every April 15 is actually collected from the corporations’ employees, customers, and owners.

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